class="MsoNormal" style="text-align: justify;">The Reserve Bank of India (RBI) on September 22, 2026, issued the Reserve Bank of India (Commercial Banks - Classification, Valuation, and Operation of Investment Portfolio) Third Amendment Directions, 2026, to further amend the Reserve Bank of India (Commercial Banks - Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025.
The following has been amended, namely:
• The amendment aims to bring clarity and uniformity in the valuation of Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) units. The amendment inserts Paragraphs 84A and 84B and takes effect from the date of issue.
• Under the amendment, quoted securities and units issued by InvITs/REITs are to be valued in accordance with the existing methodology for quoted securities. Unquoted units are to be valued at the NAV disclosed by the respective InvIT/REIT. Where the InvIT/REIT does not compute and disclose NAV in the manner and frequency prescribed under the applicable SEBI Regulations, or where the units are classified as infrequently traded, the units shall be valued at ₹1. Other unquoted instruments issued by InvITs/REITs will continue to follow the valuation methodology applicable to such instruments.
[Notification No. - RBI/2026-27/264 DOR.MRG.REC.No.228/00-00-001/2026-27]
